emmanuelewumi:



FBN was able to pay dividends in 2018 based on the profits of its subsidiaries

I see

I believe that year FirstBank itself had a woeful performance right?

abuhusna1:

Smart Products Nigeria Plc is involved in the processing of palm kernel oil in Nigeria and its around 0.31 kobo with consistent dividends of up to 10 kobo which makes its stock scarce if anyonw have and wants to sell please let me know

Were you not the one that bought capital oil?

And you still dey dustbin dey find another one to pick?

You must be Ezekiel o

abuhusna1:

Yeah I know but just wanna key into the stable price and consistent dividends while hoping for equity price appreciation cos I am a long term investor

There are a whole lot of other stocks which are relatively stable, consistent in Div payment and easy to convert to cash when the need arises.Trust me,with time you will still see opportunities that are better than what you have presently and you may want to rebalance your portfolio.If the stock is too illiquid one might miss those opportunities

RabbiDoracle:


Were you not the one that bought capital oil?

And you still dey dustbin dey find another one to pick?

You must be Ezekiel o

Lol @ capoil

TraDeRR:

Interesting.

Is Pfizer still in Nigeria?

I learnt they had a deal with GSK

https://punchng.com/gsk-pfizer-to-merge-consumer-healthcare-units/

OBAGADAFFI:


Interesting.

Is Pfizer still in Nigeria?

I learnt they had a deal with GSK

https://punchng.com/gsk-pfizer-to-merge-consumer-healthcare-units/

Pfizer left Nigeria many years ago, management bought the holdings of the core investors through a Management Buyout and then changed the name to Neimeth

OBAGADAFFI:


Interesting.

Is Pfizer still in Nigeria?

I learnt they had a deal with GSK

https://punchng.com/gsk-pfizer-to-merge-consumer-healthcare-units/

This is like a good news to me ooo

This YouTube video post seems to have been ignored. I don't know when it was posted but I think it should be taken seriously. The message from that trader being interviewed is that government interventions will not halt the catastrophe that's coming. He opines that goldman sacs rules the world and as such government interventions shouldn't be taken seriously. After careful brooding of his line of reasoning, I asked myself why was there serious selloff in March and who was selling? Could it be that those who exited the market in March are running away from a calamity still future and consider those prices good enough and better than future anticipated lows? Could the lows we witnessed then, become the market highs in the not too distant future. Are we being programmed to inevitable lower market prices for stocks in the near future? Could staying on cash truly be the best way going forward? My head is spinning for answers

amNIGERIA:
[url=
https://www.youtube.com/watch?v=eEV3zJbahvM][url]

safepaulooo:
This YouTube video post seems to have been ignored. I don't know when it was posted but I think it should be taken seriously. The message from that trader being interviewed is that government interventions will not halt the catastrophe that's coming. He opines that goldman sacs rules the world and as such government interventions shouldn't be taken seriously. After careful brooding of his line of reasoning, I asked myself why was there serious selloff in March and who was selling? Could it be that those who exited the market in March are running away from a calamity still future and consider those prices good enough and better than future anticipated lows? Could the lows we witnessed then, become the market highs in the not too distant future. Are we being programmed to inevitable lower market prices for stocks in the near future? Could staying on cash truly be the best way going forward? My head is spinning for answers

It is an old interview. In 2011.

The guy was ALESSIO Rastani.

The event then is different from event now.

Then US just emerged from financial crisis, thrn EU was entering theirs.

That is different from what we have now.

RabbiDoracle:


Everything is affected so long as there are forced closure of businesses.

Na only stock market dey open.

How your end na? Hope not much in your city?

I Dey oo.. not much in my city..

emmanuelewumi:



Pfizer left Nigeria many years ago, management bought the holdings of the core investors through a Management Buyout and then changed the name to Neimeth

Oh, Neimeth took over Pfizer operation in Nigeria.

Thanks

2011 interview phweeeee. Interesting. Make guys they post useful stuff naa. Why post 2011 interview in 2020. Anyway still analyzing those questions because those who soldoff in March must have good reason and I don't think they will be rushing back into the market so soon. Rabbi you dey try sha. I doff hat

RabbiDoracle:


It is an old interview. In 2011.

The guy was ALESSIO Rastani.

The event then is different from event now.

Then US just emerged from financial crisis, thrn EU was entering theirs.

That is different from what we have now.

DexterousOne:


I believe it's the entire holding company

I suspect there are some loss making subsidiary within that holding group

In their financial statement, the group made a profit of 73 billion while the company made a profit of only 13 billion

ebuka1997:


In their financial statement, the group made a profit of 73 billion while the company made a profit of only 13 billion

The bank is the company

emmanuelewumi:



The bank is the company

So it’s their other subsidiaries that boost the profit?

ebuka1997:


So it’s their other subsidiaries that boost the profit?

That was what happened in 2018.

emmanuelewumi:



The bank is the company

Big for nothing!

RabbiDoracle:

300+ cases pere.

Boss, how are we sure the number is even up to 300 and the numbers under watch up to what they're telling us?
Nigerian government will do anything to partake out of the grants and donations circulating around for their selfish gains, and the plan actually worked.
Some Nigerians too can resort to 'arrangee' just to get attention or get into isolation for two weeks, at least they'll be govt's "guests" for those two weeks.
Heard of a man whose dad died of rheumatism but begged the doctor in charge to change it to Covid19, by doing this, he and his family would be immediately 'packed up' and moved to isolation centre, at least, two weeks free feeding will be guaranteed for the family.
Not saying there are no cases oooo, just trying to look at it from the point of view of corrupt leaders we have and the hunger in the land.
Many households are suffering of hunger due to this lockdown and I agreed with Yoms that people might revolt if this lockdown continues.

Mpeace:
Banks will report some good results especially with the recent devaluation of the country's currency. Expend some fx gains.

My thoughts too. I dont really see banks performing below expectation in Q1.

Mcy56:

My thoughts too. I dont really see banks performing below expectation in Q1.

They would lots of haircut...I see CBN asking banks to shore up their capital.


Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.

Wait in coming weeks, when CBN starts hitting them.

RabbiDoracle:
Were you not the one that bought capital oil?
And you still dey dustbin dey find another one to pick? You must be Ezekiel o

This got me lmao.
That Oga will soon take-over the position of drybone chairmanship from Jamace.

stcool:
They would lots of haircut...I see CBN asking banks to shore up their capital
Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.
Wait in coming weeks, when CBN starts hitting them.

That was on ground before covid issue came up.
CBN is expected to relax the plan for now and extend it to a much later date.

Seunn11:
Naive ones will be purified through baptism of fire. Just like precious minerals, they will glow...after paying their school fees. How are you madam money?

Lol. Must they learn from their own mistakes?
I'm good, thank you. Madam money for where? We still dey find am upandan.

Just spent the whole day reading through 86 pages of emmanuelewumis' posts on Nairaland....

It was well worth the read...

I duff my hat for the bosses on this thread who are selfless enough to share from their experience...

stcool:


They would lots of haircut...I see CBN asking banks to shore up their capital.


Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.

Wait in coming weeks, when CBN starts hitting them.

Good day

Please I would love to discuss one on one with you.... Could you please drop your number or connect me on whatsapp... 08037351805....thanks a mill.

DrAwo:
Just spent the whole day reading through 86 pages of emmanuelewumis' posts on Nairaland....

It was well worth the read...

I duff my hat for the bosses on this thread who are selfless enough to share from their experience...

Oga Emmanuelwumi should write a book on investment in Nigeria.

Many people will buy it.

I want to be the publisher of that book.

emmanuelewumi:




That was what happened in 2018.

Compared to their fellow fugaz members who are gaining more than 200b.. anyway they’re not mates

stcool:


They would lots of haircut...I see CBN asking banks to shore up their capital.


Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.

Wait in coming weeks, when CBN starts hitting them.

It would be so irresponsible of Govt to put such pressure on banks, given the current economic realities.
Even when governments around the world are providing stimulus packages

safepaulooo:
2011 interview phweeeee. Interesting. Make guys they post useful stuff naa. Why post 2011 interview in 2020. Anyway still analyzing those questions because those who soldoff in March must have good reason and I don't think they will be rushing back into the market so soon. Rabbi you dey try sha. I doff hat

Bros, leave story. People must sell. In foreign markets, short sellers caused that value destruction.

If you follow the chronology of events, you will understand that there was a lag in the selloff.

- Late January before the lunar New year, Coronavirus was reported.
-same time, people in Wuhan left the city and dispersed to celebrate the lunar New year.
-US banned Chinese from entering the US.
-EU left their border open
-Chinese government extended the holiday to prevent a mass selloff.
-Chinese government introduced limits to short selling, injected funds into the market to limit a crash.
-As market opened on 3rd of February 2020, Chinese exchange lost 7%.
- Dow was still making its high o. DOW continued making its high till 19th February 2020.
-After that came the global selloff.

So why did Dow not sell off between 3rd February to 18th February 2020 when the Chinese Market was selling off?

The selloff accelerated in March because panic entered into the market. Once selloff approaches the 20% decline that is designated a bear market territory, it gets accelerated.

So 2nd week of March, exactly 9th of March 2020, Dow officially lost 20% (from a high of 29,543 to 23,549). Short sellers were selling understanding economy will be seriously impacted if a case is reported in the US or EU. I think within the same time, US was talking about community spread, Italy already had a case. Germany was warning citizens to adopt social distancing.

This led to further acceleration of the sell pressure. So a combination of actual recordable cases, negative news, uncertainty as to the extent of the economic damage and finally recession in EU, Japan caused the major fall on the second week of March.

The decapitation was what followed after second week. A major slide and a parabolic fall

gabscity:


Big for nothing!

Mcy56:

Boss, how are we sure the number is even up to 300 and the numbers under watch up to what they're telling us?
Nigerian government will do anything to partake out of the grants and donations circulating around for their selfish gains, and the plan actually worked.
Some Nigerians too can resort to 'arrangee' just to get attention or get into isolation for two weeks, at least they'll be govt's "guests" for those two weeks.
Heard of a man whose dad died of rheumatism but begged the doctor in charge to change it to Covid19, by doing this, he and his family would be immediately 'packed up' and moved to isolation centre, at least, two weeks free feeding will be guaranteed for the family.
Not saying there are no cases oooo, just trying to look at it from the point of view of corrupt leaders we have and the hunger in the land.
Many households are suffering of hunger due to this lockdown and I agreed with Yoms that people might revolt if this lockdown continues.

That is why you should love panic. It makes people do unimaginable things.

I had a friend who came out oneday to see that his car was stolen. He was in panic mode. Do you know that he had to check under the car parked on where his car was previously parked.

Imagine!

So view panic positively and euphoria somewhat negative. Money is made buying stocks during panic.

stcool:


They would lots of haircut...I see CBN asking banks to shore up their capital.


Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.

Wait in coming weeks, when CBN starts hitting them.

They need to relax as other central bankers in the world are doing.